FEEDBACK ON THE 2019 AGM

This year’s Annual General Meeting (AGM) took place on 15 July 2019, at Nedbank in Sandton. After welcoming members, the Chairman, Howard Stephens, presented the Scheme’s 2018 Highlights. One of the key highlights was an analysis by NMG, the Scheme’s actuarial consultancy that compared the top eight open schemes with our Scheme’s benefits and contributions. Their finding was that, on average, our Scheme’s 2018 contributions were 22% lower, AND that our benefits were 5% higher than the schemes with which it was compared. That means that our Scheme offers members, on average, 27% better overall value!

The AGM also saw the election of two member-elected Trustees. We would like to welcome back Tebogo Tlatsana and Gideon Botha to the Board, and thank them for their willingness to continue in this important role.